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Business

Muhibbah stays at ‘hold’, OCK 'buy', MBM 'buy'

ALLIANCE DBS Research has maintained its “hold” call on Muhibbah Engineering, saying it was cautious of the company’s thinning orderbook balance. The research house said more job wins were needed to provide a comfortable degree of earnings visibility.

Business

‘Hold’ call on Axiata, 'overweight' on Scomi Energy

AXIATA Group Bhd’s 66%-owned Indonesian-listed subsidiary, XL Axiata (has entered into an agreement with PT Solusi Tunas PratamaTbk (STP) for the sale of its 3,500 towers for about RM1.5bil cash, said AllianceDBS Research.

Business

Travel retailer opens outlet in klia2

TRAVELLERS departing from the KL International Airport 2 (klia2) will now be able to get their gift and travelling needs under one roof, with the opening of Heinemann Asia Pacific’s be Duty Free store.

Business

'Buy' for Ta Ann and UMW O&G, 'underperform' for Zhulian

Ta Ann Holdings Bhd’s log production for first eight months of 2014 surged 28.1% year-on-year (y-o-y) to 338,061 cu m, according to Affin Hwang Capital. It said the improvement was partly attributed to better weather conditions, which have helped to increase the log supply.

Business

MAHB to make overseas forays

MALAYSIA Airports Holdings Bhd (MAHB) plans to make “meaningful” forays overseas as it expands its footprint abroad.

Business

'Another tough year ahead for Thai tourism if martial law stays'

Thailand's tourism industry is expected to face another tough year if the government maintains martial law, the head of the Tourism Council of Thailand said yesterday

Business

Enter Kronologi Asia

We have barely seen the emergence of any new ACE Market listings this year, in keeping with the jaundiced perception of these companies of late.

Business

Asian rubber producers may curb exports to shore up prices

SINGAPORE/KUALA LUMPUR: Rubber producers in Asia are to meet next week to look at more measures to push up prices, which are not far above five-year lows, including restrictions on supply to global markets, a source who will be part of the meeting said.

Business

Japan slips into surprise recession, paves way for tax delay, snap poll

TOKYO: Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election just two years after he took office.

Business

SapKen sees tough times

KUALA LUMPUR: SapuraKencana Petroleum Bhd (SapKen), which saw its net profit tumble 61.7% to RM129.1mil in the fourth quarter ended Jan 31 against RM337.2mil previously, expects the oil and gas (O&G) industry to remain challenging.